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Dec 5, 2012
12/12
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>> i think -- well, i think we should, one -- first of all, we have to pay down the debt he ran up. we're spending $1 trillion more each year, the federal government -- we, the federal government is spending $1 trillion more each year than when obama walked into office. it's that overspending we need to bring down. raising taxes doesn't solve the overspending problem. it feeds it. and, again, we have been through this lucy and the football thing in '82, in '90. we didn't take the advice of the tax increase last year, and we got spending restraint for the debt ceiling. remember, the republican house has a tremendous power over the debt ceiling. so all this stuff about how we have to bend to the emperor's will isn't true. >> all right. grover norquist, thanks very much. we appreciate yourtation the time tonight. let's bring in james carville and rihan salaam. good to see you. grover norquist is not bending. not yet. >> well, president obama, or as mr. norquist refers to him, obama -- president obama has done something mr. norquist has never done in his life and that's get people to vo
>> i think -- well, i think we should, one -- first of all, we have to pay down the debt he ran up. we're spending $1 trillion more each year, the federal government -- we, the federal government is spending $1 trillion more each year than when obama walked into office. it's that overspending we need to bring down. raising taxes doesn't solve the overspending problem. it feeds it. and, again, we have been through this lucy and the football thing in '82, in '90. we didn't take the advice...
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Jan 26, 2012
01/12
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president obama's plan may be a good idea, but it won't be enough to fix the debt problem. we need a lot bigger solutions than that. number two, the federal reserve announced it plans to keep interest rates near zero through late 2014. about 18 months longer than planned. a depressed housing market and global financial worries are a couple reasons why the fed is going to be low, low for a long time. but they lowered their expectation for unemployment between 8.2 and 8.5% by the end of the year. right now, we're at 8.5 pefrs. if it drops to 8.2%, it might be enough to get the president re-elected. usda announcing new rules for school lunches. this is trying to fight childhood obesity. the levels of sodium and fat are going to be cut. vegetables and fruit increased. trade groups like the national potato counsel lobbied against the measure because of its attempt to reduce starcha foods like the potato. the ceo tells us final rules fall short in giving flexibility in the breakfast program. meet nutritional goals wib their constrained budgets. four, netflix is showing signs of a
president obama's plan may be a good idea, but it won't be enough to fix the debt problem. we need a lot bigger solutions than that. number two, the federal reserve announced it plans to keep interest rates near zero through late 2014. about 18 months longer than planned. a depressed housing market and global financial worries are a couple reasons why the fed is going to be low, low for a long time. but they lowered their expectation for unemployment between 8.2 and 8.5% by the end of the year....
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Nov 9, 2012
11/12
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steve rattner is the steering committee for fix the debt and stephen moore senior economics writer. i appreciate you both taking the time. this is a tough time for the country and one where everyone will rise to the occasion and we'll have a hasn't ending. john boehner said in that interview with diane sawyer on abc news he's the most reasonable responsible person here in washington. does that sound reasonable? >> i've been interviewing a lot of people on the republican side and i would agree with your assessment right now it appears both side are exactly where they were back a year ago august when we were up against that debt ceiling. not a lot has changed. president obama is going make the case that look i won the election and i ran on raising the tax rates on the rich. but the republicans in the house said wait we won our election and we won on not raising the tax rates. there's a mexican standoff and erin right now i think they are right back where they started but do i think there's a good chance given the fact that fiscal cliff will hit in a number of weeks that there is going
steve rattner is the steering committee for fix the debt and stephen moore senior economics writer. i appreciate you both taking the time. this is a tough time for the country and one where everyone will rise to the occasion and we'll have a hasn't ending. john boehner said in that interview with diane sawyer on abc news he's the most reasonable responsible person here in washington. does that sound reasonable? >> i've been interviewing a lot of people on the republican side and i would...
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Jan 26, 2012
01/12
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debt problem. to fix the problem, we're going to need bigger numbers. for example, the bush tax kets are set to expire at the end of the year. letting them for people who make $250 million, will raise 678 billion over ten years, but if you let them expire for everyone, you're looking at $2.8 trillion and that math works. that cuts the debt by 18% immediately. big problems need bigger solutions. adam davidson is with "the new york times," john avlon, great to have you with us. adam, you've looked into the numbers and done incredible breakdowns on this. actually, you've looked at if you taxed all millionaires at 100%, it doesn't do what taxing the middle class would do. >> we tax new income. if you look at all the millionaires in america, they make around $700 billion in income and pay about $200 billion a year in taxes. the two bipartisan commissions -- they both gave similar numbers. we need about $400 billion either in more taxes or less spending. and so, you'd have to tax all the millionaires at
debt problem. to fix the problem, we're going to need bigger numbers. for example, the bush tax kets are set to expire at the end of the year. letting them for people who make $250 million, will raise 678 billion over ten years, but if you let them expire for everyone, you're looking at $2.8 trillion and that math works. that cuts the debt by 18% immediately. big problems need bigger solutions. adam davidson is with "the new york times," john avlon, great to have you with us. adam,...
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May 24, 2012
05/12
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keep buying and spending and passing on debts to our kids, and i'll stop it. i'm in favor of cutting spending -- it's high time to bring those principles of fiscal responsibility to washington, d.c. i'm mitt romney, and i approve this message. >> calling the president a big spender is popular with the gop. polls show the label is sticking with independent voters too. but does it add up? obviously there was an interesting article getting a lot of conversation that was pushed out by the obama campaign, but it was done independently by cbs market watch saying the president's spending record is, well, it's grown the least of any president in the past 60 years, ryan. and in a lot of ways, this really does seem to add up. some other ways, debt is growing at 13.6% a year versus spending at 1.4%. so it doesn't -- there are some real issues here. one thing i thought very interesting, though. a lot of what the president's wanted to push through failed because tea party republicans shot down his efforts to increase the spending in washington. ironically he gets the benef
keep buying and spending and passing on debts to our kids, and i'll stop it. i'm in favor of cutting spending -- it's high time to bring those principles of fiscal responsibility to washington, d.c. i'm mitt romney, and i approve this message. >> calling the president a big spender is popular with the gop. polls show the label is sticking with independent voters too. but does it add up? obviously there was an interesting article getting a lot of conversation that was pushed out by the...
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Dec 11, 2012
12/12
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president obama was in michigan today pushing his fiscal cliff plan. he made the solution sound so simple. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class familiefamilies, w some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> but not so fast, mr. president. we need a little more than you're talking about. president obama says his plan reduces the deficit by $4 trillion over ten years. forget the fact it counts war savings which shouldn't count. let's go with the $4 trillion. john boehner said his plan cuts $2.2 trillion over ten years. you shouldn't be comparing those two nubs. what you should think about is $16 trillion. that's how much debt the country has. according to bill groesdz, the man who runs the biggest fund, ie, the man who decides how much we can spend and borrow, we have to cut spending or raise taxes. that's $1.6 trillion a year. that's $1.2 trillion a year more than the president proposes. and $1.38 t
president obama was in michigan today pushing his fiscal cliff plan. he made the solution sound so simple. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class familiefamilies, w some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> but not so fast, mr. president. we need a little more than you're talking about. president obama says his plan reduces the...
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Dec 11, 2012
12/12
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president obama was in michigan today pushing the fiscal cliff plan and you know what? he made the solution sound so simple. >> when you put it altogether what you need is a package that keeps taxes where they are for middle class families, we make some tough spending cuts on things we don't need and ask the wealthiest americans to pay a slightly higher tax rate. >> not so fast, mr. president. president obama says his plan reduces the deficit we $4 trillion over 10 years. forget the fact that it counts war savings which shouldn't count and go with the $4 trillion. house speaker john boehner said his plan cuts $2.2 trillion over 10 years. think about $16 trillion. that's how much debt this country has and according to bill gross, the man who runs the world's biggest bond fund, the guy that decides to lend money to the united states and how much we have to pay to borrow, says we have to cut spending or raise taxes by 11% of gdp over next 10 years and according to gross that's $1.6 trillion a year. that is, let's just make this clear, $1.2 trillion a year more than the pre
president obama was in michigan today pushing the fiscal cliff plan and you know what? he made the solution sound so simple. >> when you put it altogether what you need is a package that keeps taxes where they are for middle class families, we make some tough spending cuts on things we don't need and ask the wealthiest americans to pay a slightly higher tax rate. >> not so fast, mr. president. president obama says his plan reduces the deficit we $4 trillion over 10 years. forget the...